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BlackRock announces share splits for eleven iShares ETFs


The Board of Trustees of iShares Trust has authorised share splits for eleven iShares ETFs as of the close of business on 19 July, 2016, payable after the close of trading on 22 July, 2016.

iShares Core S&P Total US Stock Market ETF, iShares Core US Growth ETF, iShares Core Total USD Bond Market ETF and iShares Core 1-5 Year USD Bond ETF, will all split on 2 for 1 basis, while the split ratio for the iShares Core US Value ETF will be 2 for 1.

In addition, the iBonds Mar 2018 Term Corporate ex-Financials ETF, iBonds Mar 2020 Term Corporate ex-Financials ETF, iBonds Mar 2023 Term Corporate ex-Financials ETF, iBonds Mar 2018 Term Corporate ETF, iBonds Mar 2020 Term Corporate ETF, and the iBonds Mar 2023 Term Corporate ETF, will all split on a 4 for 1 basis.

The share splits will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by a split.

iShares Core ETFs were launched in October 2012 as a branded suite of ETFs for buy-and-hold investors looking for a simple, low cost way to invest over the long-term in stocks and bonds. Since launch, buy-and-hold investors ranging from global institutions to US retail advisors have embraced iShares Core and its value proposition, as the suite has reached $203 billion1 in assets under management.

iBonds ETFs are investment grade bond funds that make it easier to build diversified, laddered bond portfolios. Each iBonds ETF holds a portfolio of investment grade bonds that mature within a specified range of dates and trades on an exchange. iBonds ETFs can be used to build laddered bond portfolios, which can help diversify a portfolio’s exposure to bonds with different maturities.

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